Toronto Mortgage Shake-Up April 2026: New Investor Rules, Rising Fixed Rates & Opportunities for First-Time Buyers and Self-Employed Borrowers

The Bank of Canada held its overnight rate steady at 2.25% on March 18, 2026, yet fixed mortgage rates in Toronto climbed throughout April—some lenders now quoting 5.9% to 6.4% for self-employed borrowers and investors. This paradox defines the Toronto

The Bank of Canada held its overnight rate steady at 2.25% on March 18, 2026, yet fixed mortgage rates in Toronto climbed throughout April—some lenders now quoting 5.9% to 6.4% for self-employed borrowers and investors. This paradox defines the Toronto